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20121112
20121120
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bipartisan spirit. [ mumbling like boehner ] >> stephanie: we're going to make job creation more difficult. really? you're just going to continue with the same talking point? the job rates. >> the job creators-- [ mumbling ] >> stephanie: weren't those tax cuts supposed to expire two years ago? >> stephanie: yes, yes. >> that's too quick for them. >> stephanie: well yeah the president obviously gave in the last time. he said at the time this was an one-time thing. and as you recall he did it at the time because he was--it was over, you know, unemployment. you remember, it was right before christmas and they were going to cut off yeah, any way. economists from both parties say that a return to the recession is likely unless they compromise on the legislation. obama said everybody's taxes will go up including those who when make make less, and as an alternative. i don't know why they don't do this. he suggested paying legislation immediately to pre-event tax hike on everybody's income. >> that would make sense. >> stephanie: a measure that has already passed the senate. and he said we should
boehner wants a temporary deal that extends all the bush tax cuts and buys more time. democrats don't want to extend attach cuts at all even temporarily. we know going over the cliff would throw us into a recession but experts say if it's reversed within a couple weeks it wouldn't be catastrophic. if the two sides cut a deal referred to as the grand bargain, it's preferable in theory, but with democrats and republicans so far apart, it is unclear what we might have to sacrifice in order to get that bargain. third, the two sides could negotiate around the issue of taxes. this is a little more complicated, unclear how it might work. there would be some sort of trade-off and it seems unlikely. the fourth possible scenario, create a patch to get us through the start of the year, which is a short term extension of the status quo something republicans would like, because it extends the bush tax cuts. president obama did that once in 2010 and is not willing to do it again. finally, we could procrastinate with a little down payment sending the message we will get to it. it would be a small package
Search Results 0 to 1 of about 2